Highrise inner Melbourne residential loss sales running at 24%: CoreLogic RP Data pain gain report

Highrise inner Melbourne residential loss sales running at 24%: CoreLogic RP Data pain gain report
Highrise inner Melbourne residential loss sales running at 24%: CoreLogic RP Data pain gain report

Some 6.2% of Melbourne resales over the March 2015 quarter were at a price lower than the previous purchase price, according to the latest CoreLogic RP Data pain gain report.

The figure was down from 7.5% a year earlier however up from the 5.6% the previous quarter.

The Moorabool and Murrindindi council areas were the only regions across the city to record no resales at a loss over the quarter.

The regions with the highest proportion of loss-making resales were the heart of Melbourne (24.0%), followed by Melton (15.2%), Macedon Ranges (10.4%) and Whittlesea (10.3%).

The average loss of vendors in the inner Melbourne sits at $34,000. 

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Highrise inner Melbourne residential loss sales running at 24%: CoreLogic RP Data pain gain report

Tags: 
Melbourne Resale

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